Media and Publications

Media Releases

NAIF’s second Investment Decision to benefit Western Australia is to finance the upgrade of a public road leading to one of the world’s largest lithium ore deposits. It will provide multi-user benefits for years to come.

NAIF has expressed its support for the development of the financing structure for Genex’s Kidston Stage 2 Project through the provision of an indicative term sheet for a long-term concessional NAIF debt facility for up to $516 million.

The Onslow Marine Support Base (OMSB) financing through the NAIF has reached a key stage, with the signing of loan documents for the project by the Western Australian government, as the lender of record.

Aurizon has today informed the Northern Australia Infrastructure Facility that it is withdrawing its request for NAIF funding to assist with a rail solution for the development of the Galilee Basin in Central Queensland. As such, NAIF will no longer be considering that Aurizon request for financial assistance.

The NAIF pipeline has now grown to 140 enquiries, a little more than 12 months after the organisation was established. NAIF CEO Laurie Walker said the announcement came after the board made its first Investment Decision in September.

The NAIF Board has made its first Investment Decision regarding the Onslow Marine Support Base Project in Western Australia, indicating to the Deputy Prime Minister it proposes to offer financial assistance of around $16.8m for a multi-user infrastructure port and marine supply.

The NAIF Board has approved the Genex Power Limited Stage 2 large-scale solar and hydro pumped storage projects at Kidston to proceed to the due diligence phase of the NAIF Application and Approval Procedure.

NAIF welcomes the opportunity to provide a submission to the Senate Inquiry into the Governance and Operation of the Northern Australia Infrastructure Facility. The NAIF’s submission demonstrates NAIF’s governance is robust and transparent to ensure the successful implementation of NAIF’s mandate entrusted to it by the Commonwealth.

Ministerial Announcements

The Minister for Resources and Northern Australia, the Hon Barnaby Joyce, 2017 Annual Statement on progress of the implementation of the White Paper on Developing Northern Australia: Our North, Our Future.

The Minister for Resources and Northern Australia, Senator the Hon Matt Canavan, First Annual Statement on progress of the implementation of the White Paper on Developing Northern Australia: Our North, Our Future.